Dubai Meltdown

smellfish · 12-20-2009, 05:40 PM

Who do you think buys houses on Palm Island and puts money in their banks? Bus drivers?

MCMLXXXIX · 12-20-2009, 06:13 PM

no, its what dubai is known for

Quote:

Although Dubai's economy was built on the back of the oil industry, revenues from oil and natural gas currently account for less than 6% of the emirate's revenues.It is estimated that Dubai produces 240,000 barrels of oil a day and substantial quantities of gas from offshore fields. The emirate's share in UAE's gas revenues is about 2%. Dubai's oil reserves have diminished significantly and are expected to be exhausted in 20 years. Property and construction (22.6%), trade (16%), entrepôt (15%) and financial services (11%) are the largest contributors to Dubai's economy.

McLuVan · 12-23-2009, 02:27 PM

Quote:

Originally Posted by FStop7

totally out of fashion, the place is a parody of itself

+1

12-20-2009, 05:40 PM	#23
smellfish No one on the corner has stagger like us 57 Rep 342 Posts Drives: '11 AW E90 Join Date: Dec 2008 Location: COS iTrader: (2)	Who do you think buys houses on Palm Island and puts money in their banks? Bus drivers? __________________
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